Mathematics, 01.02.2021 07:30 krayag

Polly purchased a car. She paid ₱150,000.00 as down payment, and ₱5,500.00 payable at the beginning of each month for 48 months. Money is worth 12%
compounded monthly.

A. What is the periodic rate?
B. How many payments must be made?
C. What is the equivalent cash prize of the car?

Help m thank you

Answers: 2

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